National Commodity Exchange Limited (NCEL), the first technology driven, demutualised, online commodity futures and derivatives exchange in Pakistan is proud to announce the launch of the first exchange traded financial derivative, 'NCEL 3-Month Kibor futures contract' on December 30, 2008.
Interest rates are the simplest arid most fundamental building blocks upon which other derivative products are developed. As the most widely accepted interest rate benchmark, Kibor futures allow taking a view on interest rates in Pakistan's economy and hedging the exposure to all interest rate fluctuations. Kibor futures also provide the opportunity to limit portfolio losses and enhance portfolio returns with favourable changes in the interest environment.-PR